Instant payments finally reach America with FedNow – The Economist
America’s financial plumbing is overdue a spot of maintenance. The current payment “rails” on which it is based—built by a group of the country’s biggest...
Author : Nelli Avetisyan
Business and Labor Square Off Over AI’s Future in American Workplace – WSJ
The Federal Trade Commission’s investigation into the ChatGPT app points to an emerging conflict over how Washington should regulate artificial intelligence, one that could pit...
Has banking culture changed for the good?
The combined failures of management, supervision and culture that led to the 2007-09 global financial crisis, as well as scandals around rigging the London interbank...
PODCAST: Pay Raises Are Finally Beating Inflation
Americans’ hourly wages rose an average of 4% in June, outpacing the current 3% rate of inflation. WSJ economics reporter Amara Omeokwe joins host J.R....
Markets Cheer U.K. Inflation Slowdown but Pain Remains for Households – WSJ
The pace of inflation in the U.K. slowed more than expected last month, providing a glimmer of hope for Britons who still face a bigger...
Goldman Sachs profits hit by trading slowdown and retail banking retreat – The Financial Times
Goldman Sachs dropped to its lowest quarterly profit in three years, as a costly retreat from consumer banking was compounded by the industry-wide slowdown in...
Apple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAI – Bloomberg
Apple Inc. is quietly working on artificial intelligence tools that could challenge those of OpenAI Inc., Alphabet Inc.’s Google and others, but the company has...
Time to Look at Foreign Demand for the Incredibly Ballooning US National Debt – Wolf Street
Who is buying the ballooning US government debt that has now reached $32.5 trillion? That’s on everyone’s mind. For now, there is way too much...
Threads now has ‘tens of millions’ of daily users. But its honeymoon phase may be over – CNN
Two weeks after Meta launched its Twitter competitor Threads and received an unprecedented amount of user signups, the frenzy around the app appears to have...
Crypto Needs Comprehensive Policies to Protect Economies and Investors
Establishing effective policies has become a priority for authorities amid the failure of some exchanges and collapse of certain crypto assets...